MOEX November 2015 FX Volumes Show Staunch Decline MoM

The Moscow Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (MOEX) has reported its trading volumes for the month ending November 2015, which were underpinned by a staunch decline in its foreign exchange (FX) market turnover, according to a MOEX statement.

During November 2015, the total FX market turnover at MOEX sunk to RUB 23.7 trillion, down -22.8% MoM from RUB 30.7 trillion in October 2015 – this includes spot trades of RUB 8.6 trillion and swap trades coming in at RUB 15.1 trillion in November 2015. Across a yearly timetable however, the exchange notched a strong ascension in its volumes, with November 2015 rising 26.7% YoY from RUB 18.7 trillion in November 2014.

In addition, MOEX’s FX market’s average daily turnover in November 2015 was $18.2 billion (RUB 1,186.2 billion), which was unchanged MoM from $18.2 billion (RUB 1,186.2 billion) in October 2015. Compared with last year, November 2015’s FX market turnover surged 23.8% YoY from RUB $14.7 billion (RUB 986.6 billion) in November 2014.

Derivatives market volumes also retreated across the board in November 2015, orchestrating a figure of RUB 9.3 trillion for the month – this was reflective of a fall of -7.9% MoM from RUB 10.1 trillion in October 2015. Despite the lackluster monthly performance though, November 2015’s turnover is still substantially higher than the same period in 2014, having registered a climb of 21.7% YoY from just RUB 7.7 trillion in November 2014.